cars
Save Big Bucks By Being A One-Car Household
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
How to Get a Personal Loan: Our Step-by-Step Guide
You may have many reasons â or just one important one â to get a personal loan. Our step-by-step guide answers questions about how to get a personal loan.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
This Car Comparison Spreadsheet Will Help You Find a Deal
Buying a car can be a stressful experience. Itâs a big decision with a ton of little decisions roped in â new or used? Car or truck? Cloth or leather? gas or electric? Not to mention, thereâs way too much information floating around on the internet, making it challenging to compare your options. But donât [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
4 Car Stocks That Have the Pros Revved Up
The adoption of electric vehicles (EVs) in comparison to internal combustion engine (ICE) vehicles has increased exponentially, fueled by government incentives and a friendly regulatory environment. This has resulted in even legacy car stocks going electric in a big way.
This transition from fossil-fueled cars to going electric got a big boost in 2021 when President Joe Biden signed an executive order targeting 50% of all new passenger cars and light trucks sold in the U.S. should be electric by 2030.
- SEE MORE The 22 Best Stocks to Buy for 2022
But the industry has more recently been hampered by familiar pandemic woes, including supply-chain constraints impacting production and rising inflation being a key concern even as demand continues to be strong for these vehicles.Â
If this was not enough, the Chinese government imposed strict lockdowns across major Chinese cities like Shanghai to contain a wave of COVID-19. This has led to production halts at many key plants for EV manufacturers, which is only compounding a pre-existing automobile chip shortage.
Despite these short-term hurdles, the long-term implications for these car stocks is evident. EV sales hit 6.75 billion units in 2021 â more than double what they did in 2020, according to electric vehicle data site EV-volumes.com. While the impressive growth rate was due in part to easy year-over-year comparisons, expectations are for nearly 41% more EVs to be sold this year compared to last.
But which car stocks are poised to capture this growth? To answer that question, we used the TipRanks database, which allows investors to evaluate stocks using a variety of criteria, including analyst ratings and price targets.
Here, we’ll look at four popular car stocks and see what the pros are saying about each one. Each of the names featured here boasts mostly Buy or better ratings from analysts and each offers significant upside potential to current levels based on their consensus price targets.
- SEE MORE The Best (And Worst) Stocks for Rising Prices
Data is as of April 17.
Best Boat Loans of 2022: How to Finance A Boat
Mortgages and car loans are debt that most borrowers will take on in their lives, as houses and vehicles are commonly owned in modern society. Because boats are a recreational purchase, boat loans often come with stricter credit requirements and should only be taken on by borrowers who have steady, disposable income. Where to Get [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Dear Penny: Can I Kick Out My Boyfriend if We’re in a Common-Law Marriage?
Dear Penny, I am in a bit of a mess and have no idea what I should do. My boyfriend and I have been dating for about seven years. Last year we decided to buy a house and finally move in together. Unfortunately for personal reasons (not bad credit), he is not able to have [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Dear Penny: Are We Nuts to Retire at 42 With $1.5 Million?
Dear Penny, My wife and I are both 39 and have worked hard since graduating college. For the past 17 years, neither of us have been out of a job or for that matter ever really taken a vacation for more than a couple days. Weâve always planned to retire early, but in the past [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Really Need a Car? Hereâs Why You Should Buy New
If youâve shopped for a car recently, youâve probably realized that a combination of tight supply and pent-up demand has squeezed car prices to record highs. Worse yet, car-shopping expert Edmunds has released data showing that new and used car prices may … Continue reading →
The post Really Need a Car? Hereâs Why You Should Buy New appeared first on SmartAsset Blog.
How to Get a Car Deal in This Market
Matt Degen is an editor at Kelley Blue Book, a website that helps consumers research and purchase used and new vehicles.
Global supply-chain problems have reduced the inventory of new vehicles, resulting in long waits to buy a car. When will things get back to normal? None of us has a crystal ball, but our analysts think that toward the end of the year some of these supply constraints will have eased. And weâre already seeing that, as inventory levels are rising very, very slowly. Itâs baby steps toward some normalcy, though it may be a new normal. Because automakers have been selling cars even with leaner inventory, I think a lot of them are realizing that they donât need to make as many cars.
- SEE MORE Electric Vehicles Take Charge in 2022
Is there any hope for those who are in the market for a new car now? Yes. Itâs not as if all the car lots are empty. There are new and used cars to buy. You just may not get the exact car you want in terms of the color and features. Some automakers are letting customers configure the car they want on their website. After that, they work with the dealer to purchase the car. But the process of manufacturing and shipping the car could take several months.Â
If you need a car right now, look for a less popular smaller car, such as a sedan or a hatchback. SUVs, trucks and minivans are still in short supply. I know buying a small car isnât feasible for those who need a bigger family vehicle. But if you just need some good transportation, you should have better luck finding those types of cars.
If you find a car thatâs available, can you negotiate on price? Traditionally, dealers expected customers to negotiate. Customers would go to a site such as www.kbb.com, look up the manufacturerâs suggested retail price and negotiate from there. However, in todayâs environment, buyers can expect to pay the sticker price, or more. Weâre not seeing many deals because dealers donât need to offer you one. If they donât sell a car to you, theyâll sell it to the next person in line.Â
Buyers can still try negotiating on financing terms. We at Kelley Blue Book have always encouraged people to get preapproved for a loan from their bank or credit union. That way, they can go into the dealership with financing lined up and use that as a negotiation tool. The dealership may offer better financing, and that will save you money.Â
What about used cars? We suggest looking for a certified preowned vehicle, meaning it has been checked for damages and repaired and, more importantly, comes with a warranty. Financing terms are negotiable for used cars, too. If youâre looking for a particular car, new or used, thatâs not available in your area, you may be able to work with an out-of-state dealer. There are transport services that can bring the car to you, and the dealership can handle those details and help with any sales tax issues.
In light of the high cost of both used and new cars, does it make sense to repair your existing car to keep limping along? The general rule of thumb is that if the repairs cost what the car is worth or more, itâs probably time to look for a new car. But even if the repair is less than that, it may not be the smartest move. If youâre on the fence about certain repairs, have a mechanic look the car over. It might cost you, say, $150, but a good mechanic can let you know about your carâs current problems and potential problems in the future.Â